Filip - Yield & Airdrops

$HLIT looks interesting here. My thoughts from initial DD: Harmonic is selling its slower video unit to MediaKind for 145m cash, leaving a clean pure play on virtual cable access. Broadband revenue up 43 percent year over year, backlog up 87 percent to 582m, full year guidance raised. Around 1.65B cap, roughly 100m cash, about 5x EV sales, and buying back stock right as DOCSIS 4.0 ramps. The dilutive segment walks out the door at the inflection. What is left is the cOS business, a software defined platform that virtualizes the cable modem termination system. Instead of operators bolting in more proprietary hardware, Harmonic runs the access network in software, which collapses space and power in the headend, breaks the old hardware upgrade cycle and cuts total cost of ownership. The platform is already live with 150 customers serving 45.7 million cable modems, it is expanding across every tier 1 account, and it now carries DOCSIS 4.0 wins plus a growing fiber and FTTH attach. So post sale you own the leading independent vCMTS vendor, net cash, growing high double digits, riding the operator shift to distributed access architecture and DOCSIS 4.0, with the loss making video drag gone and management already returning capital. Might be difficult for some to buy into the hype, and I would recommend to only buy if you believe in the thesis long term. Do not chase stocks you don't want to hold!! Disclaimer: Long $HLIT, NFA

Two companies everyone wrote off as dead phone makers are quietly becoming some of the most interesting defense and AI plays on the market. $BB and $NOK. Both dismissed for years. Both completely unrecognizable from what they used to be. BlackBerry gave up on hardware entirely and became a pure play cybersecurity and embedded software company. Their QNX operating system runs in over 255 million vehicles on earth. Every major automaker uses it. It is the foundational software layer of autonomous driving and connected vehicle infrastructure. Their Cylance AI cybersecurity division is now deployed inside US government agencies and Fortune 500 companies. The phone company is gone. What replaced it is mission critical software that runs inside the most important systems in the world. Nokia went in a completely different direction and the transformation is just as dramatic. A year ago $NOK was sub $5 and everyone had moved on. Today Nokia is inside Nvidia's AI-RAN stack running Blackwell GPUs directly at cell towers. Jensen Huang called it Robotic AI Radio. T-Mobile is deploying it. Every tower in that program becomes an AI compute node at the network edge. Then Nvidia invested $1 billion directly into Nokia and Jensen joined the board. Then the Infinera acquisition gave Nokia a hyperscaler optical backbone business supplying the fiber connecting every major data center on earth. €2.4 billion in AI and cloud orders in 2025 alone. Then Nokia got embedded inside Anduril's Sentry autonomous defense platform. The Sentry tower deploys in under 3 hours with zero infrastructure required. Every unit deployed to a warfighter anywhere in the world runs Nokia communications technology inside it. AI infrastructure. Hyperscaler optical. Autonomous battlefield communications. Both of these companies made the hardest pivot in business. Away from a dying legacy product toward something the world actually needs. The market has not fully caught up to either of them yet.

We just airdropped $1m to our community. Check your wallets.